Do you suffer from bad pricing disease?

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She contacted me via Etsy. She’d seen my shop and thought my pieces would do great in her brick and mortar. She was right, I had an amazing run with my items in the shop. But I had to adjust my pricing quickly!

“Hi, I’d like to put a few of your items in our shop, do you sell on consignment?”

“Yes, I do!”

Besides having my patterns accepted into national publications, that was the most exciting news I could hear. My pieces were going to be in a major, high end shop!

Are you suffering from bad pricing disease? | Yarn Obsession

We got on the phone and she told me they offered a 50/50 split! Ugh

My prices weren’t ready for a 50/50 split. If I used the pricing I had on Etsy I’d lose money. I couldn’t afford to lose money. So I had to cure my pricing disease fast! Which meant figuring out costs and what I needed to make this deal happen.

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This could happen to you, is your pricing ready? When you look at the pricing you have, and cut it down 50/50 (or 60/40, 70/30 etc.) will you make enough money to make the deal a win/win? If not, you’ve got bad pricing disease!

Most of the time when I look at pricing on yarn creations, they’re suffering. If you want to build a strong business, you have to cure the disease by pricing for profit. That’s why I wrote Hook Yourself Up and that’s why I did this video. I want you to win!

Pricing is not guessing, it’s knowing what your business needs and where you want to go.

Pricing Video

In this video I’ll talk about a simple way to price your items, in a crunch, that’ll give space for profit.

I ask questions so you really think about your process:

  • What do you make?
  • Where are you selling?
  • Who are you selling to?
  • What do your materials cost?
  • How much time to do you spend on your business?
  • What fees do you pay to list and sell your pieces?
  • How much do you want to make?

Answering these questions will help you decide if a business is for you. Maybe you just want to keep your yarn work as a hobby. You’ll also be more confident and feel good about your pricing making you a much nicer, easier person to do business with.

Is your pricing ready for wholesale or consignment? If not, I hope this video will help. . . I also hope you’ll consider grabbing a copy of my book for your yarn arts library (click here) I know pricing is a MAJOR headache, I’d like to give you some relief.